Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$272,007$272,007$504,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$231,993$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.645%7.560%
1st payment$1,319.81$1,319.81$3,462.13
2nd payment$0.00$1,498.29$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$221.74$221.74$100.80
HOA / mo$530.00$530.00$530.00
Total monthly$2,704.89$4,203.18$4,726.26
Cash to close$287,993$56,000$56,000